Home Purchase Loan
Purchasing a home is one of the biggest financial decisions you will make in your lifetime. We understand that whether this is your first time purchasing or you have done it multiple times, you are looking for a lender who is as committed to the process and end result as you are. Life happens after your loan closes and here at Kiel, we want to get you into that new home as quickly and as efficiently as possible. We will work closely with your real estate agent to ensure a smooth process.
A licensed mortgage advisor will assist you in answering important questions like: how much you qualify for, how much money you will put down and how much your monthly payment will be. At Kiel Mortgage we consider it an honor to help you achieve your goals and to secure your family’s future for years to come!
Types of Home Loans
Fixed Rate Mortgage
A mortgage for which the interest rate will remain the same throughout the entire term.
Also known as an ARM. This is a mortgage in which the interest rate is adjusted periodically based on a pre-selected index. An ARM often has lower monthly payments, and it also has a ceiling above which payments cannot exceed.
These are larger mortgage loan amounts and generally require bigger down payment and more strenuous credit requirements.
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